USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Dec 3, 1997

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $35,300,000 for a ticket purchased in Delaware, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Delaware

Drawing Date:Wed, Dec 3, 1997
Jackpot:$35,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$629,402$189,060$41,541$398,802
2$654,579$198,151$43,202$413,225
3$680,762$207,839$44,930$427,992
4$707,992$217,914$46,727$443,350
5$736,312$228,393$48,597$459,323
6$765,764$239,290$50,540$475,934
7$796,395$250,623$52,562$493,210
8$828,251$262,410$54,665$511,176
9$861,381$274,668$56,851$529,862
10$895,836$287,417$59,125$549,294
11$931,669$300,675$61,490$569,504
12$968,936$314,464$63,950$590,523
13$1,007,694$328,804$66,508$612,382
14$1,048,001$343,718$69,168$635,116
15$1,089,921$359,228$71,935$658,758
16$1,133,518$375,359$74,812$683,347
17$1,178,859$392,135$77,805$708,919
18$1,226,013$409,582$80,917$735,514
19$1,275,054$427,727$84,154$763,173
20$1,326,056$446,598$87,520$791,938
21$1,379,098$466,224$91,020$821,854
22$1,434,262$486,634$94,661$852,967
23$1,491,633$507,861$98,448$885,324
24$1,551,298$529,938$102,386$918,975
25$1,613,350$552,897$106,481$953,972
26$1,677,884$576,774$110,740$990,369
27$1,744,999$601,607$115,170$1,028,222
28$1,814,799$627,433$119,777$1,067,590
29$1,887,391$654,292$124,568$1,108,531
30$1,962,887$682,225$129,551$1,151,111
Total$35,300,000$11,739,940$2,329,801$21,230,257

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.